North of the border, the Bank of Canada delivered the expected no-change rate decision, holding its policy rate at 5% and saying it is in no hurry to cut. We should perhaps note that the South Korean inflation rate ticked up above 3% again in February. The GDP data yesterday disappointed many, with real economic activity up just +0.2% in the quarter, up +1.5% over the year. The UST 10yr yield starts today at 4.09% and down -6 bps from yesterday. The Kiwi dollar starts today at just on 61.4 USc and an overnight gain of +½c.
